Flexible Mortgages - The Mortgage of the Millennium

Borrower's circumstances can change much more rapidly and dramatically nowadays than was the case a few years ago. Few people can claim to have a job for life, and the divorce rate is higher. There is therefore a growing demand for more flexibility in mortgages and many lenders are at long last offering loans with many more options than before.

The 'new' flexible mortgages come under various brand names but are often still referred to as the 'Aussie' mortgage. This is technically incorrect as the method was originally 'invented' by a Canadian maths professor over 20 years ago where it accounts for nearly 90% of all mortgages. It is also widely adopted by householders in Australia and USA.